On 1st February 2019, JCR-VIS Credit Rating Company Limited (JCR-VIS) assigned a ‘D’ (Default) rating to the seven year listed TFC issued by Summit Bank Limited (SBL) due to non-payment of its latest markup...

The defaults on the debt instruments of New Allied Electronics Industries (Pvt.) Limited (NAEIL) can largely be attributed to a drastic plunge in sales of NAEIL following the setting in of recessionary...